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Share this tale: Stricter rules force closure of Alberta payday lending shops, claims industry employer
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Cash advance licences have fallen by significantly more than one-quarter since the NDP federal government enacted stricter guidelines for loan providers in 2016 and more brick-and-mortar shops could possibly be shuttering throughout the next one year, warns the elected president associated with the industry relationship.
Ahead of Bill 15, also referred to as the Act to get rid of Predatory Lending, pay day loan businesses had about 230 licensed shops in Alberta. Continue reading